Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 17,677 $ 6,816
Marketable debt securities, available for sale 18,095 1,639
Marketable equity securities, available for sale 479
Accounts receivable, net 6,644 3,155
Inventory, net 15,169 3,039
Prepaid expenses and other current assets 428 1,238
Total current assets 58,492 15,887
Property, plant and equipment, net 6,914 3,578
Secured promissory note receivable 3,727 2,750
Prepaid expenses, net of current portion 460 2,084
Right-of-use asset, net 4,564 4,731
Intangible asset, net 1,017 1,234
Goodwill 901 901
Other assets 248 240
TOTAL ASSETS 76,323 31,405
Current liabilities    
Accounts payable 7,114 3,771
Accrued advertising and other allowances 214 463
Lease liabilities 635 329
Other current liabilities 6,211 1,731
Total current liabilities 14,174 6,294
Non-current liabilities:    
Deferred revenue, net of current portion 121 162
Unsecured convertible promissory notes, net 9,994 9,991
Lease liabilities, net of current portion 4,301 4,402
Total non-current liabilities 14,416 14,555
Total liabilities 28,590 20,849
COMMITMENTS AND CONTINGENCIES
Stockholders’ equity    
Preferred stock authorized 1,000,000, $.0005 par value, no shares issued and outstanding
Common stock authorized 50,000,000, $.0005 par value, issued 31,806,275 and 28,256,275 shares, respectively 16 14
Additional paid-in capital 99,265 61,674
Accumulated deficit (3,969) (3,631)
Treasury stock, at cost, 16,652,022 and 16,652,022 shares, respectively (47,490) (47,490)
Accumulated other comprehensive loss (89) (11)
Total stockholders’ equity 47,733 10,556
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 76,323 $ 31,405